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Auto Service - Gas-Conv

SQRL 20 Year NNN leases 2% Annual Bumps

3834 SW Topeka Blvd, Topeka, KS 66609

Listing Price: $2,706,767

Cap Rate
6.25%
Tenant Name
3834 SW Topeka Blvd, Topeka, KS 66609
Years Remaining On Lease
19.3
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Absolute Net
Rent Per Square Feet
$72.00

Investment Overview

Marcus & Millichap is pleased to present for sale this SQRL Fuel Station and Convenience Store located at 3834 SW Topeka Boulevard in Topeka, Kansas. Topeka is the capital city of Kansas and the county seat of Shawnee County and lies along the Kansas River. The population of Topeka is 126,587 and part of the Topeka Metropolitan Statistical Area with a population exceeding 233,870. Topeka’s largest employer is the State of Kansas employing over 8,400 people and three of the largest employers are Stormont-Vail Healthcare with 3,100 employees, St. Francis Healthcare with 1,800 employees and Colmery-O’Neil Veterans Administration with 900 employees. Other major employers in Topeka include BNSF Railroad, Frito Lay, Capitol Federal Savings Bank, Goodyear Tire Company, Hill’s Pet Nutrition, Evergy, Inc. and many, many more. A short drive from this SQRL property is Washburn University with over 5,880 students. Also nearby is VA Eastern Kansas Health Hospital serving the community with 142 Beds. Topeka Zoo and Conservation Center hosts hundreds of visitors each year and is also nearby the property. Numerous apartment complexes surround the property including Meadowlark Apartments with 283 Units, Cedar Ridge Apartments with 312 Units, Trianon Apartments with 88 Units, Pioneer Adams Apartments with 96 Units and Briarcliff Apartments with 37 Units. Recreational areas nearby include Big Shunga Park, Bettis Sports Complex, Ted Ensley gardens and Lake Shawnee. SQRL Fuel Stations are clean, well-lit and safe places to fill up and grab some food. The stations offer full service at the pump and inside, along with drive-thru convenience store service. Clean parking lots and bathrooms can be expected at every SQRL location. These family-friendly coffee-shop like convenience stores offer proprietarily sourced products interspersed with locally grown products and items. The leases are guaranteed by an 80+ unit operating entity. Due to the success of SQRL rollouts, the operator has plans to continue expansion with an additional 70+ units in its development pipeline.

Investment Highlights

  • 20 Year Absolute Net Lease | Zero Landlord Responsibilities
  • 2 Percent Annual Rent Increases | Strong Hedge Against Inflation
  • Qualifies for Accelerated Depreciation
  • Every SQRL Location Offers Full Service
  • Drive-Thru & Order at Pump Convenience Store Service

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Auto Service - Gas-Conv

SQRL 20 Year NNN leases 2% Annual Bumps

Listing Price: $2,706,767

Cap Rate
6.25%
Tenant Name
3834 SW Topeka Blvd, Topeka, KS 66609
Years Remaining On Lease
19.3
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Absolute Net
Rent Per Square Feet
$72.00

Investment Highlights

  • 20 Year Absolute Net Lease | Zero Landlord Responsibilities
  • 2 Percent Annual Rent Increases | Strong Hedge Against Inflation
  • Qualifies for Accelerated Depreciation
  • Every SQRL Location Offers Full Service
  • Drive-Thru & Order at Pump Convenience Store Service

Investment Overview

Marcus & Millichap is pleased to present for sale this SQRL Fuel Station and Convenience Store located at 3834 SW Topeka Boulevard in Topeka, Kansas. Topeka is the capital city of Kansas and the county seat of Shawnee County and lies along the Kansas River. The population of Topeka is 126,587 and part of the Topeka Metropolitan Statistical Area with a population exceeding 233,870. Topeka’s largest employer is the State of Kansas employing over 8,400 people and three of the largest employers are Stormont-Vail Healthcare with 3,100 employees, St. Francis Healthcare with 1,800 employees and Colmery-O’Neil Veterans Administration with 900 employees. Other major employers in Topeka include BNSF Railroad, Frito Lay, Capitol Federal Savings Bank, Goodyear Tire Company, Hill’s Pet Nutrition, Evergy, Inc. and many, many more. A short drive from this SQRL property is Washburn University with over 5,880 students. Also nearby is VA Eastern Kansas Health Hospital serving the community with 142 Beds. Topeka Zoo and Conservation Center hosts hundreds of visitors each year and is also nearby the property. Numerous apartment complexes surround the property including Meadowlark Apartments with 283 Units, Cedar Ridge Apartments with 312 Units, Trianon Apartments with 88 Units, Pioneer Adams Apartments with 96 Units and Briarcliff Apartments with 37 Units. Recreational areas nearby include Big Shunga Park, Bettis Sports Complex, Ted Ensley gardens and Lake Shawnee. SQRL Fuel Stations are clean, well-lit and safe places to fill up and grab some food. The stations offer full service at the pump and inside, along with drive-thru convenience store service. Clean parking lots and bathrooms can be expected at every SQRL location. These family-friendly coffee-shop like convenience stores offer proprietarily sourced products interspersed with locally grown products and items. The leases are guaranteed by an 80+ unit operating entity. Due to the success of SQRL rollouts, the operator has plans to continue expansion with an additional 70+ units in its development pipeline.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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